Swiggy Raises $700M in Series J

Swiggy has successfully raised $700M in a Series J at a $10.7B valuation led by Prosus Ventures, Accel, Elevation Capital, Ark Impact, Amansa Capital, Falcon Edge Capital.

Company Overview

Swiggy is a Delivery company headquartered in Brigade IRV Centre, Bengaluru 560025, India, founded in 2014 with 5000+ employees.

Food ordering and delivery platform

Fundraising Details

Amount Raised: $700M
Round Type: Series J
Valuation: $10.7B
Date: 2024-01-19
Investors: Prosus Ventures, Accel, Elevation Capital, Ark Impact, Amansa Capital, Falcon Edge Capital

About Swiggy

Food ordering and delivery platform The company is positioned in the Delivery sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Brigade IRV Centre, Bengaluru 560025, India
Founded: 2014
Team Size: 5000+
Industry: Delivery

What This Means

This funding round demonstrates strong investor confidence in Swiggy's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Delivery sector continues to attract significant investment as companies innovate to meet evolving market demands. Swiggy's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $10.7B valuation marks an important milestone for Swiggy, positioning the company among notable players in the Delivery industry.

Looking Ahead

With this new capital, Swiggy is well-positioned to execute on its growth strategy and continue building innovative solutions in the Delivery space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-19. For more information about Swiggy, visit their headquarters at Brigade IRV Centre, Bengaluru 560025, India.